Should be any format that previously had Source Settings, is now moved to Master Clip Effects. This should include Sony RAW. Just checked a clip and it was now under Master Clip Effect in CC 2015 (9.0)

Is this with a new CC 2015 (9.0) Project or using a previous version Project (e.g.: CC 2014 8.2)? In the case of previous version Projects with RED media, it will still use Source Settings (for compatibility). The change to Master Clip Effect is only with new CC 2015 (9.0) Projects.

The problem with this structure is that in the past you could select multiple takes; select "source settings"; make your adjustments; and they would be applied to all the highlighted clips. Now it seems the best you can do is copy the adjustments, then paste it, one clip at a time...after you've put it into the sequence. I don't get why this was necessary. Didn't add any functionality and it makes the workflow much less streamlined. I liked being able to care of all the RAW work at once.

if you right click on "red source settings" in the effects tab and copy, you can then select multiple clips in the bin and paste.

another cool feature is you can now write your settings to the RMD so they carry over to resolve. however, i haven't found a way to write to multiple RMD's at once. seems like a one-at-a-time process...

Open the RED clip in the Source monitor or select it in a Timeline Sequence, then select the Effect Controls panel. Upper left you should see Master * clip name and the Source Settings should be there.

I'm not a huge fan of losing the source option in the timeline, but I am making do. However - once adjusting RED raw data in the master effects window I am unable to save to RMD or for that matter load from RMD. Clicking on those options do not open a dialogue box. That is kind of a huge issue.

My problems is slightly different. In Effect control panel, the Master clip effects is greyed out for merged clips on timeline, it only works for red footage without audio. If you click that master clip effect tab, it will show text - multiple clips are selected. Is there any way to work around it?

I can get access to the source setting by hitting the hotkey on timeline like you said, but it won't live update the scopes with luts on the adjustment layer above. It only shows the scope for the original footage itself. But if you click the clip level on the right side, the scope is live updated, that means I have to adjust it back and forth, very time consuming and very hard to get 100% right.